Why not 75 year mortgages?
counter-intuitively, Banks won't ever let that happen, because in this late stage communist Jewihs USD un-tethered currency hyperinflation, currency 30 years from now is only worth 1/100th at the start. A dollar today is worth 1 cent in 2055. And so a 75 year mortgage would basically kick the gains from paper-hanging the shabis usury past the point where "Zero times a trillion is still zero", allowing you to finish off your mortgage by dropping a 100,000,000 USD Node into an envelope, after an hours labor, and telling the Jewish Banksters to kill themselves and not spend it all in one place.
reminder that a mortgage is a voluntary contract and you are under no obligation to ever take one at all, let alone a 50 year one reminder that a 50 year contract may be the only way a low skill wagie can ever get a housereminder that if this makes you upset you are probably a financially illiterate broke retard
>>521078599Why stop there?For only 200% of your income, your great grandchildren can live in a studio apartment with 12 other people.
In a 30 year fixed rate house mortgage, you have to pay for a house like 3 or 5 times to make up for the fact that money loses its value at about 10% to 20% per year and the bank knows this, since they control that rate of expansion. So you may be surprised that after paying your mortgage for 15 years of the 30 years, you look at how much you still owe, and it's still the entire price of the house at the start. The dummy says: "I have already paid in the entire value of the house plus 30 percent in the last fifteen years, surely I must be more than half done!"No, you still have to pay the entire value of the house, remember, you pay for the house 3 or 5 times. The only thing that makes all that okay, is that the 30th year, you're paying what feels like a penny on the dollar relative to the first year.
2% or 5% apr sounds low on a fixed rate mortage.But you forget you're paying that every single year the mortgage remains open.You're paying the bank 5% of the house's value every single year, you can't even afford the interest on the first year, but the fixed-rateness of the thirty years makes the 30th year: When a dollar is now only worth half a penny, that the last half makes up for the first half.
>>521078599Why not interest free mortgages?
>>521078599Just round it up and make it an even 100. It really doesn't matter. If you can't pay it off before you die the burden goes to your estate. Debt slavery is the oldest form of slavery. Trying to build homes on this system will never result in prosperity. See Nehemiah 5 for a clear example of what happens when you don't keep your jews in check.
